FIMAVA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FIMAVA
Largest movements
- Tangible fixed assets +€305,470
up €305,470 (+685.9%), from €44,538 to €350,008
of which Land and buildings: +€317,934
- Cash -€47,460
down €47,460 (-88.9%), from €53,399 to €5,938
mainly Investment in fixed assets (net) (-€356,590) and Receivables within one year (-€2,557)
- Debts after one year +€163,743
new in 2025: €163,743
- Other debts +€65,124
new in 2025: €65,124
- Reserves +€13,659
up €13,659 (+16.9%), from €80,947 to €94,606
- Current portion of long-term debt +€11,257
new in 2025: €11,257
- Tax, wage and social debts +€4,225
up €4,225 (+15.5%), from €27,304 to €31,529
of which Taxes: +€3,584
- Turnover +€112,230
new in 2025: €112,230
- Gross operating margin -€48,320
down €48,320 (-40.7%), from €118,703 to €70,383
- Purchases and services +€46,582
new in 2025: €46,582
- Depreciation +€35,173
up €35,173 (+220.6%), from €15,947 to €51,120
- Taxes -€17,088
down €17,088 (-81.0%), from €21,093 to €4,005
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,467 | €371,121 | +€260,655 | +236.0% |
| Fixed assets | 21/28 | €44,538 | €350,008 | +€305,470 | +685.9% |
| Tangible fixed assets | 22/27 | €44,538 | €350,008 | +€305,470 | +685.9% |
| Land and buildings | 22 | - | €317,934 | +€317,934 | |
| Furniture and vehicles | 24 | €44,538 | €32,074 | -€12,464 | -28.0% |
| Current assets | 29/58 | €65,928 | €21,113 | -€44,815 | -68.0% |
| Amounts receivable within one year | 40/41 | €11,135 | €13,692 | +€2,557 | +23.0% |
| Trade receivables | 40 | €11,135 | €13,687 | +€2,552 | +22.9% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €53,399 | €5,938 | -€47,460 | -88.9% |
| Deferred charges and accrued income | 490/1 | €1,395 | €1,482 | +€88 | +6.3% |
| Total equity and liabilities | 10/49 | €110,467 | €371,121 | +€260,655 | +236.0% |
| Equity | 10/15 | €82,447 | €96,106 | +€13,659 | +16.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €80,947 | €94,606 | +€13,659 | +16.9% |
| Distributable reserves | 133 | €80,947 | €94,606 | +€13,659 | +16.9% |
| Amounts payable | 17/49 | €28,020 | €275,015 | +€246,996 | +881.5% |
| Amounts payable after more than one year | 17 | - | €163,743 | +€163,743 | |
| Financial debts | 170/4 | - | €163,743 | +€163,743 | |
| Amounts payable within one year | 42/48 | €28,020 | €111,273 | +€83,253 | +297.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,257 | +€11,257 | |
| Trade debts | 44 | €716 | €3,363 | +€2,647 | +369.7% |
| Suppliers | 440/4 | €716 | €3,363 | +€2,647 | +369.7% |
| Taxes, remuneration and social security | 45 | €27,304 | €31,529 | +€4,225 | +15.5% |
| Taxes | 450/3 | €27,304 | €30,888 | +€3,584 | +13.1% |
| Remuneration and social security | 454/9 | - | €641 | +€641 | |
| Other amounts payable | 47/48 | - | €65,124 | +€65,124 | |
| Turnover | 70 | - | €112,230 | +€112,230 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €46,582 | +€46,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,947 | €51,120 | +€35,173 | +220.6% |
| Other operating charges | 640/8 | €694 | €461 | -€233 | -33.6% |
| Gross operating margin | 9900 | €118,703 | €70,383 | -€48,320 | -40.7% |
| Operating profit (loss) | 9901 | €102,062 | €18,802 | -€83,260 | -81.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €23 | €1,138 | +€1,115 | +4949.8% |
| Recurring financial charges | 65 | €23 | €1,138 | +€1,115 | +4949.8% |
| Profit (loss) for the period before taxes | 9903 | €102,040 | €17,664 | -€84,375 | -82.7% |
| Income taxes | 67/77 | €21,093 | €4,005 | -€17,088 | -81.0% |
| Profit (loss) for the period | 9904 | €80,947 | €13,659 | -€67,288 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,947 | €13,659 | -€67,288 | -83.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.